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Nova Ltd. — Board/Management Information 2007
Jun 5, 2007
6955_rns_2007-06-05_eb18b953-6a4f-4edc-a332-e8afbba5f11e.pdf
Board/Management Information
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Company Contact: Dror David, Chief Financial Officer Nova Measuring Instruments Ltd. Tel: 972-8-938-7505 E-mail: [email protected] http://www.nova.co.il
Investor Relations Contacts:
Ehud Helft / Kenny Green GK Investor Relations Tel: +1-866-704-6710 E-mail: [email protected]
Nova Elects a New Audit Committee Member
REHOVOT, Israel, June 5, 2007 (PRNewswire-FirstCall) - Nova Measuring Instruments Ltd. (Nasdaq: NVMI), provider of leading edge stand alone metrology and the market leader of integrated metrology solutions to the semiconductor process control market, announced that on June 4, 2007, Dr. Alon Dumanis, an independent member of the board of directors of Nova, who has served on the company’s board for the past five years, was elected to serve as a member of the audit committee.
Nova received a letter from Nasdaq Listing Qualifications on May 30, 2007 stating that as a result of the resignation of Mr. Joseph Ciechanover from Nova’s board of directors , Nova is no longer in compliance with Nasdaq’s audit committee requirements as set forth in Marketplace Rule 4350. Nasdaq provided Nova a cure period in order to regain compliance pursuant to Marketplace Rule 4350(d)(4) as follows: until the earlier of Nova’s next annual shareholders’ meeting or May 24, 2008; or if the next annual shareholders’ meeting is held before November 20, 2007, then Nova must evidence compliance no later than November 20, 2007. The company recently reported that Mr. Ciechanover announced his resignation for personal reasons.
Following the election of Dr. Alon Dumanis, to serve as a member of the audit committee, Nova believes that it has regained compliance with Nasdaq’s audit committee requirements as set forth in Marketplace Rule 4350.
About Nova : Nova Measuring Instruments Ltd. develops, produces and markets advanced integrated and stand alone metrology solutions for the semiconductor manufacturing industry. Nova is traded on the NASDAQ & TASE under the symbol NVMI. The Company's website is www.nova.co.il.
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